Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 4.57% | +0.15 | 4.42% |
| Return on Equity (%) | ▼ | 24.72% | -0.43 | 25.15% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.42 | 3.21% |
| Efficiency Ratio (%) | ▲ | 47.75% | -3.04 | 50.79% |
| Pre-Provision Profit ($M) | ▲ | $25 | +5.31 | $20 |
| Cost of Funds (%) | ▲ | 1.05% | -0.08 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,835 | +283.93 | $4,551 |
| Gross Loans ($M) | ▲ | $2,456 | +97.78 | $2,358 |
| Loan Growth YoY (%) | ▼ | 63.30% | -0.31 | 63.61% |
| Total Deposits ($M) | ▲ | $3,755 | +169.52 | $3,585 |
| Shareholders Equity ($M) | ▲ | $898 | +77.89 | $820 |
| Tang. Book Value ($M) | ▲ | $862 | +77.89 | $784 |
| TBV excl. AOCI ($M)** | ▲ | $960 | +84.99 | $875 |
| Loan / Deposit Ratio (%) | ▼ | 63.30% | -0.31 | 63.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.08 | 0.12% |
| Allowance / Loans (%) | — | 3.22% | -0.07% | 3.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.15 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.02% | +0.09 | 17.93% |
Noninterest income ($7.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 3.05% | 3.10% | 3.13% | 3.21% | 3.29% | 3.35% | 3.42% | 3.63% |
| ▁▄▂█▄▅▃█ | Return on Assets (%) | 1.22% | 2.55% | 1.80% | 4.42% | 2.56% | 3.12% | 2.34% | 4.57% |
| ▅▄█▃▅▄▅▁ | Efficiency Ratio (%) | 52.9% | 52.1% | 57.3% | 50.8% | 52.6% | 52.0% | 53.3% | 47.8% |
| ▂▂█▇██▅▁ | Cost of Funds (%) | 1.07% | 1.06% | 1.16% | 1.13% | 1.15% | 1.15% | 1.11% | 1.05% |
| ▄▄▅█▇▁▁▁ | NPA / Assets (%) | 0.07% | 0.07% | 0.09% | 0.12% | 0.10% | 0.04% | 0.04% | 0.04% |
| ▄▄▅█▇▁▁▁ | Net Charge-Off Ratio (%) | 0.14% | 0.14% | 0.16% | 0.23% | 0.20% | 0.08% | 0.08% | 0.09% |
| ▁▄▃▅▆███ | Tang. Book Value ($M) | $655 | $733 | $725 | $784 | $789 | $848 | $844 | $862 |
| ▁▄▄▄▅▅██ | Gross Loans ($M) | $2,287 | $2,362 | $2,372 | $2,358 | $2,383 | $2,395 | $2,470 | $2,456 |
| ▁▁▂▃▆▇██ | Total Deposits ($M) | $3,524 | $3,498 | $3,559 | $3,585 | $3,673 | $3,697 | $3,737 | $3,755 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 6% |